European Datawarehouse Designated as a Securitisation Repository by FCA
London, UK — 11 January 2022
European DataWarehouse Ltd. (EDW) today announced it has been designated as a Securitisation Repository by the Financial Conduct Authority (FCA).
Following an extensive application process, the registration of the first UK Securitisation Repositories will become effective from 17 January 2022 and closes the final gap in the disclosure regime.
European DataWarehouse Ltd., a subsidiary of European DataWarehouse GmbH, was established in November 2018 and in December 2020 submitted its application to be registered as a UK Securitisation Repository.
The decision, along with its registration in June 2021 as an EU Securitisation Repository under the European Securities and Markets Authority (ESMA), consolidates EDW’s decade-long role as the first European-wide data repository for the asset-backed securities market.
Since 2012, EDW has worked tirelessly towards enhancing transparency in the securitisation market and delivering market-leading regulatory reporting solutions.
Prof. José Manuel González-Páramo, Chairman of European DataWarehouse stated: “European DataWarehouse has been serving UK issuers for almost a decade. The registration of EDW as a Securitisation Repository in the UK will close the regulatory gap between the EU and this important market.”
Alexandre Linden, Co-Head Portfolio Management, BNP Paribas said: “For almost ten years UK issuers have benefitted from the experience of European DataWarehouse as well as its focus on superior data quality and client service. Following its registration in the EU in June 2021, it is reassuring that EDW will also be registered as a Securitisation Repository in the UK to continue serving its UK customers.”
Markus Schaber, Executive Director EDW stated “I am pleased that our commitment to the UK securitisation market has been recognised and with the registration as a Securitisation Repository, we will now enter a new market phase. The UK market as the largest one in Europe can continue to rely on EDW’s expertise in providing efficient transparency solutions. We are looking forward to working with our UK customers on market-leading reporting solutions .“
EDW was established as part of the implementation of the European Central Bank’s ABS loan-level initiative. Since its inception as an initiative by the leading participants of the European securitisation market, EDW has acted as a repository, collecting over 3 billion loan records and relevant documentation for more than 1,600 transactions. Its team of data experts supports over 280 data owners and data providers, communicating in over 15 languages.
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Media Contact:
European DataWarehouse GmbH
Carla Scarsella
Marketing & Communications Manager
Tel. +49 (0) 69 50986 9320
Email: carla.scarsella@eurodw.eu